Fairfield Appraisal Group, LLC is available for your FHA appraisalsThe FHA maintains of approved appraisers for each state - Fairfield Appraisal Group, LLC is on the roster of approved appraisers for CT. Fairfield Appraisal Group, LLC is qualified and approved to do reports for FHA secured financial transactions. FHA's guidelines, documentation and policies may seem difficult to comprehend, but the staff at Fairfield Appraisal Group, LLC is well-trained on how to comply with the rules and regulations provided. Be sure to contact Fairfield Appraisal Group, LLC if you need an appraisal done for an FHA-secured loan. An FHA loan is underwritten by the Federal Housing Administration, a federal agency that is a part of the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lending organizations with security through mortgage insurance in case the borrower defaults on his or her financial obligations. Low-income and moderate-income borrowers benefit from an FHA-insured loan; the purpose of the Federal Housing Administration is to assist credit-worthy buyers to meet expectations and requirements for lending agencies that they otherwise would not. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans. The loan programs that the Federal Housing Administration offers are exceedingly helpful to purchasers with less starting income. |